You’ve Heard These Terms… Do You Really Understand What They Mean?

by Gary and Lisa Schoeffler on March 9, 2010

in Short Sales

What is a “seller’s market”, a “buyer’s market” or a “balanced market”? We have all heard these terms, maybe even used them, but how well do we really understand them? Here are some definitions that may be helpful:
A Buyer’s market is characterized by conditions such as high inventories, falling prices, concessions by sellers and incentives among other indicators.

A Seller’s market has low inventories of homes for sale, escalating prices and keen competition between buyers, including multiple offers.

A Balanced market is widely accepted as having six months of invetntory on hand with market conditions favorable to both buyers and sellers.

 

 

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Post by Gary and Lisa Schoeffler

Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

Gary and Lisa has written 371 articles.

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